Once upon a time there was a company called blockbuster. This is where you go when you wanted to watch a movie at home with your girlfriend or with friends. Block buster would charge you a fee to rent the movie for three days lets say $5.99 or so. If you didnt bring back the movie they would charge a $10 late fee. They had 'VHS' :) DVDs.....
Block buster customers thought they had it good.
Then came along Netflix and streaming services Netflix and other streaming services completely wiped out the business that blockbuster thrived on. Also cable companies were very resistant to streaming services. Today if you have a cable provider like comcast they allow you to rent movies for very affordable price and recall shows or movies you like. This is all because of the internet, streaming revolution that was started in the late 90s early 2000s.
https://www.fool.com/investing/2016/07/07/netflix-stock-split-history-how-early-investors-ha.aspx
Banks remind me of the cable companies that resisted until they realized they couldnt win. The new crypto currency revolution has started and bitcoin will win.
Keep in mind if you bought 1 share of nflx in 2004 it would be worth about $1400 today.
https://www.stocksplithistory.com/netflix/
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